Edited excerpts from an "Issues Panel" held at Philip Morris' management conference. Panel is moderated by syndicated columnist James Kilpatrick. Panelists take questions from Kilpatrick and by video from conference participants. Issues covered include secondhand smoke, price increases, generic cigarettes, management changes, industry financing, media prejudice against tobacco companies, tax stamping, morality and ethics, accommodation, public health research and the American Cancer Society's anti-tobacco campaign. Abridged version.